Car Affordability Calculator
Find out how much car you could afford based on your monthly payment budget. Enter your details in the white box to see your estimated maximum vehicle price in the orange box.
How much car can I afford?
This calculator estimates the maximum vehicle purchase price you could afford based on your chosen monthly loan payment. It accounts for your down payment, trade-in value, loan interest rate, repayment term and estimated sales tax.
A larger down payment or trade-in value can increase the vehicle price you can afford. A longer loan term may also increase your purchasing power, but it can mean paying more interest over the life of the loan.
The calculation assumes sales tax is charged on the full vehicle purchase price. Actual tax rules vary by state, and some states provide trade-in tax credits.
Your monthly car payment is only part of the cost of owning a vehicle. Remember to allow for insurance, fuel, maintenance, registration and repairs when deciding what fits your budget.
This is an estimate, not a lending decision or guarantee of financing approval.